AT&T will NOT be giving away service with the iPhone!

What was a small comment, has on the blogosphere turned into a bad game of tele-iPhone. Cramer on TheStreet.com had suggested that AT&T give away discounted service with the iPhone. TheStreet.com staff posted another article quoting Cramer and then quoting the conference call from AT&T stating that it was clear AT&T would give away 18 months of service. The transcript of the call itself only mentions the iPhone once, there is lots of talk of margin expansion in wireless (which would be contradictory to giving away 18 months of service), but none that I could find of Cingular giving away service.